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Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. Issue Amount Term of Note Interest Rate on Note Date of Sale (before

Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. Issue Amount Term of Note Interest Rate on Note Date of Sale (before maturity) Discount Rate Sale Proceeds $19,900.00 6 years, 9 months 9.95% compounded monthly 1 year, 9 months 16% compounded quarterly Promissory Notes Calculate the unknown variable for the following noninterest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Principal Issue Date Due Date Sale Date Discount Rate Sale Proceeds $31,800.00 June 3, 2014 June 3, 2020 October 3, 2015 % compounded monthly $24,787.87 Promissory Notes Calculate the unknown variable for the following interest-bearing promissory note. Issue Amount Term of Note Interest Rate on Note Date of Sale (before maturity) Discount Rate Sale Proceeds $19,900.00 6 years, 9 months 9.95% compounded monthly 1 year, 9 months 16% compounded quarterly Promissory Notes Calculate the unknown variable for the following noninterest-bearing promissory note. (Round your answer to the nearest hundredth of a percent.) Principal Issue Date Due Date Sale Date Discount Rate Sale Proceeds $31,800.00 June 3, 2014 June 3, 2020 October 3, 2015 % compounded monthly $24,787.87

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